# Indorama Ventures to acquire M&G Polímeros Brasil PET plant

Indorama Ventures Public Company Limited has agreed to acquire M&G Polímeros Brazil SA, including its PET plant in Ipojuca, Brazil, with a capacity of 550,000 tonnes per year. The transaction is expected to close in Q2 2018.

- Type: Acquisition
- Announced: 2018-03-16
- Where: Ipojuca, Brazil
- Status: announced
- Capacity: 550,000 tonnes per year
- Products: PET resin
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Indorama Ventures](https://endata.com/companies/3457.md) (acquirer)
- [M&G Polímeros Brazil](https://endata.com/companies/30806.md) (target)

## Sources

- [fusoesaquisicoes.com](https://fusoesaquisicoes.com/acontece-no-setor/indorama-ventures-adquire-m-polimeros/), 2018-03-17: "Indorama Ventures Public Company Limited (IVL), produtor global de produtos químicos, anunciou que firmou um acordo para adquirir a M & G Polímeros Brazil SA em Ipojuca Brasil."
- [nonwovens-industry.com](https://www.nonwovens-industry.com/breaking-news/indorama-to-acquire-brazilian-pet-business/), 2018-03-19: "Indorama Ventures Public Company Limited (IVL), a global chemical producer, has announced that it has entered into an agreement to acquire M&G Polimeros Brazil S.A. in Ipojuca, Brazil."
- [macplas.it](https://www.macplas.it/en/marketing/indorama-ventures-buy-mg-polimeros-brazil), 2018-03-21: "We are pleased to have reached this agreement, and taken significant action to strengthen our capability for profitable growth."
- [polyestertime.com](https://www.polyestertime.com/kpmg-hsbc-indorama-ventures-brazilian-pet/), 2018-04-27: "Indorama Ventures has acquired Brazil's largest Polyethylene terephthalate plant."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.